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Friday, October 16, 2015

Southern California Companies Raise $1.46B In VC In Q3 2015

Southern California has seen another, big venture capital investment quarter, with companies raising $1.46 billion across the region in Q3 of 2015, according to the latest numbers released by the PricewaterhouseCoopers/NVCA MoneyTree survey, based on data from Thomson Reuters. According to the report, which was released this evening, there were 97 deals totaling $1.467 billion across the Southern California region, a rise, dollarwise, over Q3 of 2014, when there was $797.0M in 108 deals. There has now been $4.93 billion invested across Southern California for all of 2015.

Los Angeles led the region, with $693.0M raised across 51 deals, followed by San Diego, which had $433.8M in 31 deals. Orange County saw $340.3M raised in 15 companies. The largest deal in the quarter was for Suja Life ($149.4M), followed by Honest Company ($100.0M) and CrowdStrike ($100.0M). Other big deals included in the survey were Flipagram (nearly $70M) and Yuneec ($60.0M).

Interestingly enough, the most active investor in Southern California companies for Q3 was a Silicon Valley giant: Kleiner Perkins Caufield & Byers, with 5 deals, along with Double M Partners, which also had five deals. Canaan Partners, Upfront Ventures, and Correlation Ventures all had four deals each in Southern California.

Nationally, there was $16.3 billion invested across 1,070 deals nationwide in Q3, which was down 5 percent in terms of dollars, and down 11 percent in terms of deals compared to Q2. However, the report found that the $47.2 billion invested in the first three quarters of 2015 was greater than the full year totals for 17 of the past 20 years.